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• Mortgage hope offered by bank (09 04 2008 10:15)
• Consumer morale 'falls again' (09 04 2008 10:15)
• Bristol & West withdraws deals (09 04 2008 10:15)
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• Brown to announce first time buyers help (08 04 2008 04:15)
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• Last 100% mortgage to disappear (08 04 2008 04:15)
• High earners 'shut out of market' (08 04 2008 04:15)

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Bristol & West withdraws deals

Several mortgage loans products from Bristol & West were withdrawn yesterday, in a further sign of a shrinking market in the UK.

The lender announced that around 60 per cent of its loan deals have been taken off the market.

Low-deposit, buy-to-let and self-certification deals - which are all seen as relatively risky for lenders - are understood to be affected by the move.

The credit crunch has seen nervous banks becoming less willing to lend to each other due to the perceived risk of the transactions - a trend which is now being reflected at high street level.

A Bristol & West spokesperson admitted: "We have withdrawn some products from our existing range in order to protect service levels to customers.

"As a five star service lender we are committed to providing a high level of service to our customers and will always seek to act quickly to protect our service reputation."

According to figures from Moneyfacts.co.uk, the overall mortgage market in the UK has shrunk by around two-thirds since the beginning of the credit crunch last summer.

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